November 27, 1997

IRS Asks for Views on Idea to Change Filing Rules

By GRANT WILLIAMS

The I.R.S. is asking for public comment on an idea that it has recently pondered: Should many more small tax-exempt groups be allowed to avoid filing informational tax returns that detail their finances. Non-profit organizations must provide such a return -- known as the Form 990 -- if their annual gross receipts total more than $25,000.

In a statement (Announcement 97-114, Internal Revenue Bulletin 1997-47), the I.R.S. said it was considering a

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